Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
Category: Certificates of Deposit
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Rates on C.D.s Are Soaring, but the High Rates May Not Last
Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers.
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For More Certainty in Your Retirement Portfolio, Consider Annuities
The New York Times – Business:Higher interest rates made annuities more attractive in 2022. Better quality products are increasingly available, but consumers still need to read the fine print.
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Is It Time for a High-Yield Savings Account? What to Know About Rates.
The New York Times – Business:Some online banks offer yields of 3.3 percent or more, but savers may be reluctant to open one because they think it will be a hassle.